After resale costs of commission, legal fees, and capital gains if the sale is in the 6's I might make 200 basis point spread profit.

There's no need speaking with anyone who isn't approved for at least the full amount of the rent.  

I was hoping that someone could help me with some legal advice on a property located in Crossett Arkansas.

Also buying new properties could allow you to create the proper legal structure if you haven't already.

It is generally just to assure the lender that the property will cover the loan value in case of default.Now if you want an appraisal to put a value on the house for legal reasons, like a divorce sale, then I would tell the Appraiser the specific situation and request that he/she give to a true market value on the property.

It was written legally that I am able to purchase the house from the trust for the original purchase price.

The best answer I found was looking at it from a tax and legal perspective.

You need to consult your local laws to see what the legal amount of time is and decide for yourself if that's "reasonable."

I wonder if Realtor dot com is licensed then in all 50 states.. so they can legally take a slice of the commish ?

Are you up to date on all of your licensing and permitting to legally rent this duplex?